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Growth Fund of America, founded in 1973, was the largest actively-managed fund as of 2020 with around $150 billion. [28] In 2022, Capital Group introduced a suite of six exchange traded funds, five focused on equities and one focused on bonds and other fixed income. [29]
Associated with class "B" mutual fund shares. Known as a Contingent Deferred Sales Charge (CDSC or sometimes Deferred Sales Charge), this is a fee paid when shares are sold. Also known as a "back-end load", this fee typically goes to the stockbrokers that sell the fund's shares. Back-end loads start with a fee of about 5 to 6 percent, which ...
Mutual Fund Report for GFAFX. For premium support please call: 800-290-4726 more ways to reach us
The following is a limited list of mutual-fund families in the United States.A family of mutual funds is a group of funds that are marketed under one or more brand names, usually having the same distributor (the company which handles selling and redeeming shares of the fund in transactions with investors), and investment advisor (which is usually a corporate cousin of the distributor).
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Vanguard Institutional Index 1 (VINIX) $269.6 billion. 0.035%. 12.7%. American Funds Growth Fund of America (CGFFX) $267.5 billion. 0.73%. 12.6%. These mutual funds are all index funds, a category ...
When these expenses are charged separately, distribution charges pay for marketing, distribution of the fund's shares, and services to investors. There are three types of distribution charges. Front-end load or sales charge. A front-end load or sales charge is a commission paid to a broker by a mutual fund when shares are purchased. It is ...
For example, a mutual fund with a 5.75% sales charge is sold to someone who invests $10,000. $575 GDC is created by the sale, and the investor has an initial account balance of $9425. If the sales agent receives 32% of the GDC, he makes $184.
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